Peter Munk Quotes
To do so, we are creating a Fairness for Switzerland Committee that will not only disseminate some of the facts, but also protect a relationship that is important to all of us in North America.
Munk, Peter. Letter to corporate executives. Aug. 1997. Quoted in Farnsworth, Clyde H. "Swiss Get An Advocate In Dispute Over Gold." The New York Times, 10 Sept. 1997, p. A12.
India had just recently gained its independence from Britain.
Although, on sever occasions Mao tried to reach out to the United States, the fact that he was leading a communist movement and Chiang Kai-shek, our recognized ruler of China hated Mao caused his overtures to be rebuffed. American military leaders knew very little about China and our intelligence was almost non-existent. They assumed that he was under the control of Russia and Joseph Stalin when in fact, the Russians wanted to oust Mao for not following Stalin’s communist orthodoxy. They succeeded in firing him as head of the party and replacing him with a committee of more loyal communists. Not only did the US rebuff Mau’s outreach attempts, but American money and military material financed 6 different military campaigns by Chiang to exterminate Mao and his communists.
None succeeded as the vast majority of the peasants supported Mao and his troops and provided support and information in Chiang’s attempts. Some historians believe we “bet on the wrong horse”.
Peter Munk CC was a Hungarian-born Canadian businessman, investor, and philanthropist. He was the founder and chief executive officer of a number of high-profile business ventures, including the hi-fi electronics company Clairtone, real estate company Trizec Properties, and Barrick Gold, the world's largest gold-mining corporation. The Munk School of Global Affairs at the University of Toronto and the Peter Munk Cardiac Centre at the Toronto General Hospital are named for him.